Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Files An 8-K Other EventsItem 8.01. Other Events
On August 31, 2018, Firsthand Technology Value Fund, Inc. issued a press release disclosing that its Board of Directors has approved a discretionary share repurchase plan (the “Plan”). to the Plan, the Fund may purchase in the open market up to $2 million worth of its common stock.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
99.1 Press Release dated August 31, 2018.
Firsthand Technology Value Fund, Inc. ExhibitEX-99.1 2 fp0035701_ex991.htm News Release Firsthand Technology Value Fund Adopts Share Repurchase Plan San Jose,…To view the full exhibit click here
About Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)
Firsthand Technology Value Fund, Inc. is an externally managed, closed-end, non-diversified management investment company. The Fund’s investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. It invests approximately 80% of its total assets for investment purposes in technology companies. It invests approximately 70% of its assets in privately held companies and public companies. It may invest approximately 30% of the portfolio in opportunistic investments. Its portfolio comprises equity and equity derivative securities of technology and cleantech companies. Its principal focus is to invest in illiquid private technology and cleantech companies and it may also invest in micro-cap publicly traded companies. It invests in industries, such as advanced materials, cloud computing, biofuels and fuel cells, among others. Firsthand Capital Management, Inc. is the Fund’s investment advisor.
